Enhance has launched Enhance Financial institution, combining an FDIC-member establishment with its API-first banking core and direct connections to the Federal Reserve, The Clearing Home, and Visa.
The corporate entered banking by means of its 2025 acquisition of Washington-based Twin Metropolis Financial institution, which continues serving current group prospects below the Twin Metropolis Financial institution title.
By working its personal financial institution whereas persevering with to work with companion banks, Enhance is integrating extra of the embedded-finance stack and gaining higher management over product improvement, compliance, funds, and economics.
API-first banking fintech Enhance is launching Enhance Financial institution to carry its fashionable financial institution core to assist companies construct and launch monetary merchandise.
With right this moment’s launch, Enhance now consists of Enhance Financial institution, an FDIC-member establishment, plus its built-from-scratch banking core with direct connections to the Federal Reserve, The Clearing Home, and Visa.
“This can be a financial institution constructed by a group of product-obsessed operators for bold corporations which can be simply as obsessive about constructing the very best merchandise for his or her prospects,” mentioned Enhance Founder Darragh Buckley. “It’s programmable at scale and designed for reliability, pace, and suppleness.”
Slightly than pursuing a brand new financial institution constitution from scratch, Enhance acquired Washington-based Twin Metropolis Financial institution in 2025, giving it a regulated banking establishment to enhance its API-first infrastructure platform. The one-branch financial institution now operates as Enhance Financial institution whereas persevering with to serve Twin Metropolis Financial institution’s current group banking prospects below the Twin Metropolis title.
Whereas the financial institution expands Enhance’s function within the monetary stack, the know-how stays central to its technique. As a substitute of serving completely as middleware between fintechs and sponsor banks, the corporate is integrating extra of the stack by working its personal financial institution whereas persevering with to companion with others. The transfer offers Enhance higher management over product improvement, compliance, and cost operations, whereas positioning it to seize a bigger share of the economics behind embedded finance.
“A fintech firm’s capability to scale typically comes all the way down to whether or not they have a banking companion that may transfer at their tempo, construct options to the sting circumstances they’re fixing, and provides them direct entry to cost rails,” mentioned Stripe Head of Worldwide Diede van Lamoen. “Enhance was constructed by individuals who have first-hand expertise with these challenges and a drive to help customers from the primary cost to their billionth.”
Based in 2020, Enhance offers the banking infrastructure behind corporations together with Gusto, Ramp, and Stripe. Its API-first platform permits builders to construct merchandise for cash motion, deposit accounts, and card issuing utilizing programmable banking parts.
Photograph from Mike Hindle on Unsplash
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